Hourly to Salary Calculator

Hourly to Salary Calculator — FAQ

How do I convert hourly wage to annual salary?

Multiply your hourly rate by the number of hours you work per week, then by 52 weeks. For a standard full-time job (40 hours/week), the formula is: Annual Salary = Hourly Rate × 40 × 52 = Hourly Rate × 2,080.

Is $20 an hour a good wage?

$20/hour full-time works out to $41,600/year before taxes — close to the US median individual income. Whether it's 'good' depends heavily on your local cost of living, household size, and benefits package.

How many work hours are in a year?

A standard full-time schedule is 2,080 hours per year (40 hours/week × 52 weeks). This does not subtract holidays or PTO — if your employer pays for those separately, your actual worked hours may be lower while paid hours stay at 2,080.

Does this calculator account for overtime?

Not automatically. This tool assumes every hour is paid at your base rate. If you regularly work overtime paid at 1.5x, you can approximate it by entering a blended average hourly rate that reflects your typical paycheck.

What's the difference between gross and net pay?

Gross pay is your salary before any taxes are withheld. Net (take-home) pay is what actually lands in your bank account after federal income tax, FICA (Social Security and Medicare), and state income tax are deducted.